M&A Deal Summary

Resolute Forest Products Acquires Tembec - Sawmill Division

On September 22, 2016, Resolute Forest Products acquired forest products company Tembec - Sawmill Division from Tembec

Acquisition Highlights
  • This is Resolute Forest Products’ 3rd transaction in the Forest Products sector.
  • This is Resolute Forest Products’ 2nd transaction in Canada.
  • This is Resolute Forest Products’ 2nd transaction in Quebec.

M&A Deal Summary

Date 2016-09-22
Target Tembec - Sawmill Division
Sector Forest Products
Buyer(s) Resolute Forest Products
Sellers(s) Tembec
Deal Type Divestiture

Target

Tembec - Sawmill Division

Senneterre, Quebec, Canada
Tembec, Inc. - Sawmill Division is a provider of forest products,

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Buyer(S) 1

Buyer

Resolute Forest Products

Montreal, Quebec, Canada

Category Company
Sector Forest Products
Employees7,700
Revenue 4.3B USD (2014)
DESCRIPTION

Resolute Forest Products is engaged in the forest products industry with a diverse range of products, including newsprint, specialty papers, market pulp and wood products. The company owns or operates some 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. Barclays is based in Montreal, Quebec.


DEAL STATS #
Overall 3 of 5
Sector (Forest Products) 3 of 4
Type (Divestiture) 1 of 3
State (Quebec) 2 of 3
Country (Canada) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Atlas Paper Mills

Miami, Florida, United States

Atlas Paper Mills, LLC is a manufacturer of tissue products, utilizing recycled fiber. Atlas supplies private label and branded bath tissue, towels and facial tissue to a diversified mix of customers in the away-from-home and value retail channels.

Buy $156M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 Resolute Forest Products - Resolute Forest Products Recycled Pulp Mill

Fairmont, West Virginia, United States

Resolute Forest Products, Inc. - Resolute Forest Products Recycled Pulp Mill is engaged in the business of manufacturing and distributing recycled pulp used in a wide range of products, from packaging to tissue paper. Located in the northern part of West Virginia, the Mill has an annual production capacity of approximately 218,000 metric tonnes, and is one of three pulp mills in the world that produces air-dried recycled pulp.

Sell $55M

Seller(S) 1

SELLER

Tembec

Montréal, Quebec, Canada

Category Company
Founded 1972
Sector Forest Products
Employees3,700
Revenue 1.3B USD (2016)
DESCRIPTION

Tembec, Inc. is an integrated manufacturer of forest products, including lumber, pulp, paper and specialty cellulose, serving customers worldwide. The company has operations in North America and France with approximately 4,000 employees and annual sales of about $1.6 billion. Tembec manages nearly 25 million acres of Canadian forestlands and has earned Forest Stewardship Council Certification for all its direct-managed forests.


DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1